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NOV strengthens presence in Latin America with new wellsite service facility in Guyana’s oil and gas corridor

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American Multinational, NOV - a worldwide drilling and oil production equipment provider - has joined the list of companies looking to on Guyana’s oil and gas success.  The company opened its Wellsite Service/Tuboscope facility at Rome on the East Bank,...
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Exxon must meet obligations, but we refuse to damage Guyana’s investment climate – Jagdeo

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Vice President of Guyana, Dr. Bharrat Jagdeo said that it is important for ExxonMobil to meet its obligations in the unlikely event of a spill offshore. However, he argued government will not support a process that damages the country’s...
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Uaru FID among major projects pushing 2023 rig contracting activity

OilNOW -
The latest Offshore Rig Market Snapshot from Evercore ISI - a US-based economic research firm - notes a positive uptick in deepwater drilling rig contracting activity this year driven by recently sanctioned projects.  Guyana’s fifth development - Uaru is on...
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Exxon to commence study on impacts of 6th proposed Guyana development

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Guyana's Environmental Protection Agency (EPA) has released the final terms of reference (TORs) for the Environmental Impact Assessment (EIA) which is to be conducted for ExxonMobil's sixth project offshore the South American country. Prepared by the Agency and London-based...
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SBM Offshore’s Capixaba FPSO destined for MARS

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Modern American Recycling Services Europe, A/S (MARS) said it was awarded a major EU Green Recycling contract for the retirement of SBM Offshore’s Capixaba floating production, storage and offloading (FPSO) vessel. The contract includes engineering, preparation, dismantling and green recycling...
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Guyana Court failed to recognise Stabroek co-venturers’ ability to meet financial obligations – Exxon

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ExxonMobil Guyana said on Thursday that it supports the appeal made by the Environmental Protection Agency (EPA) of Guyana, of a High Court judgment requiring it to provide an ‘unlimited’ parent and/or affiliate guarantee. The undertaking would be tapped...
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Few oil execs would want to take on unlimited financial risk, expert says

Shikema Dey -
The recent ruling handed down by a Guyana Court Judge regarding ExxonMobil Guyana's insurance obligations for its operations offshore the South American country is engaging the attention of a number of stakeholders and experts in the oil and gas...
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Some Guyanese complaining about denied opportunities, despite local content law – Official

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Guyana's Attorney General, Anil Nandlall, recently announced the initiation of a comprehensive review of the local content framework. This move comes, he said, amid complaints that some locals are still being disenfranchised. The AG made the disclosure on his show...
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Guyana gets US$5M grant to boost human capital to handle oil-driven growth

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Guyana’s Ministry of Education has been awarded a US$5M grant from the Global Partnership for Education (GPE) to boost its human capital development efforts. The Inter-American Development Bank (IDB) is the designated manager for the disbursements which will occur...
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Excellent quality fluid, with low contaminants, found at Santos basin well

OilNOW -
Petrobras said it found hydrocarbons in the Santos Basin pre-salt, in an appraisal well in the Aram block. Well 3-BRSA-1387D-SPS is located 260 kilometres (km) from the city of Santos, São Paulo, at a water depth of 1,979 metres. The...
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Hess gives back Suriname oil block at Guyana border

U.S. oil company Hess has relinquished Block 59 offshore Suriname, a deepwater area located near the maritime border with...

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